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Cod catch. (Photo: The Norwegian Seafood Export Council)

Fresh cod exports grew but herring and mackerel sales abroad dropped

Click on the flag for more information about Norway NORWAY
Tuesday, July 10, 2018, 01:30 (GMT + 9)

Norwegian fresh cod exports experienced a 5 per cent decrease in volume but a 2 per cent growth in value in the first half of the year compared to the same period in 2017, as it was informed by the Norwegian Seafood Council.

During the analysed period, the country exported 50,800 tonnes of fresh cod, including fillets, worth a total of NOK 1.8 billion (USD 22.7 million).

In June, 3,200 tonnes of fresh cod, including fillets, were exported with a value of NOK 118 million, representing a year-to year decrease of 19 per cent in volume and 12 per cent drop in value.

“Measured in Norwegian kroner we have never had a stronger half-year for fresh cod. With reduced cod quotas this year, it is the price of fresh whole cod that has driven the value increase in the category,” stressed Analyst Ingrid Kristine Pettersen at the Norwegian Seafood Council.

A total of 39,000 tonnes of frozen cod, including fillets, were also sold abroad worth a total of NOK 1.4 billion in the first half of 2018. This volume is at the same level as the first half of last year while the value has increased 11 per cent.

In June, exports of the resource reached 6,200 tonnes with a value of NOK 249 million, representing an increase in volume of 21 per cent and in value of 40 per cent compared with the same month a year ago.

Clipfish was also exported in the the first half of the year and it reached 42,600 tonnes with a value of NOK 1.9 billion, which is a 2 per cent growth in volume and a 5 per cent in value.

In June, 6,900 tonnes of clipfish were exported with a value of NOK 337 million, a decrease in volume of 14 per cent and in value of 15 per cent.

Norway also exported salted fish, whose sales reached 21,200 tonnes with a total value of NOK 1.1 billion during the first half of 2018. This represents a 5 per cent increase in volume and 18 per cent in value compared to the January-June period a year ago.

In June, sales of the resource topped 3,500 tonnes with a value of NOK 166 million, which is a 20 per cent growth in volume and 31 per cent in value compared to June 2017.

Herring sales abroad grew by 3 per cent, to 138,000 tonnes, but fell 12 per cent in value, which reached NOK 1.2 billion in the first half of 2018. Germany, Poland and Lithuania were the largest markets for herring in this period.

In the sixth month of the year, the resource sales abroad fell in volume and value, by 35 per cent and 24 per cent, respectively, compared with June last year.

In this regard, Aandahl explained that with increased volumes in recent years, prices are lower as a result of the continuing lack of market access to Russia, historically Norway’s most important herring market.

Mackerel’s exports also dropped in volume and in value, reaching 78,000 tonnes (- 19 per cent) and NOK 1 billion (- 16 per cent) compared with the first half of 2017. Japan, South Korea and China were the most important markets for mackerel in this period.

The resource exported volume and value also dropped in June, to 23 per cent and 24 per cent, respectively, from June last year.

Norway exported 679 tonnes of king crab worth a total of NOK 195 million in the first half of the year. This represents a decrease of 4 per cent in volume but its value grew by 2 per cent, compared with the January-June period a year ago.

In the case of prawn, export volumes increased by 12 percent to total of 4,600 tonnes and the value of these sales also grew by 23 per cent during the first six months.

(NOK 1 = USD 0.12374)

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